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USD/CNH: Downward momentum is building – UOB Group

Slight increase in momentum is likely to lead to US Dollar (USD) trading in a higher range of 7.1800/7.1950. In the longer run, downward momentum is building; for a continued decline, USD must first close below 7.1700, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
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Canada Foreign Portfolio Investment in Canadian Securities came in at $0.71B, above forecasts ($-4.75B) in June

Canada Foreign Portfolio Investment in Canadian Securities came in at $0.71B, above forecasts ($-4.75B) in June
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